All Forum Posts by: Ben Scott

Always take the square footage and the wholesaler's opinion of ARV with a grain of salt. Make sure to get your own numbers.

When you market a listing that does not allow pets, you can eliminate a lot of potential quality tenants that have well trained animals. The biggest frustration I have is how easy it is to get a letter to qualify your pet as an Emotional Support Animal. Then you can't charge a pet deposit or pet rent, per Fair Housing guidelines, but they do have to sign an addendum stating they are responsible for any damage the animal causes. 

I once had an applicant with FOUR emotional support animals. No lie.

Hey @Benil Shah, I use the staffing agency Virtual Latinos and all the labor is contract based so there's no payroll taxes. You do sign a contract with the staffing agency though. I believe VL will submit a 1099 (or whatever the form is for that country) to the assistant. 

Depending on the city and if the leak was weather related, the city might credit you a portion of the water bill if you provide a receipt from a licensed plumber. This would verify it wasn't intentional on your part to use that much water. Might be worth a shot.

There are some new build communities (think Rausch Coleman, Lennar, etc) that have 3/2s, around 1200-1300 square feet in areas with good schools that sell for $200-225k. You won't get ceiling fan or granite or a backyard fence. But these homes rent out pretty quick.

Welcome @Mary Beardley! Holler if we can be of any assistance with info on OKC, the 2025 NBA Title Town

I would suggest keeping the 4-plex unless you need the funds to pay down other debt and funnel those funds into a different project. 

Often the high risk areas that pencil out on a spreadsheet don't factor in vacancy, turn over rates, collecting from tenants, etc. 

We hired a VA from a staffing company called Virtual Latinos and have been pleased. The VAs are in South America so they operate in roughly the same time zone which helps with communication.

Hey Marcus, investor/broker and property manager here. Let me know what you're looking for.